secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Inc. (LODE)
CIK:        0001120970
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001120970-24-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock restructures ASTC IP payments with 5M share issuance; extends Haywood Quarry purchase
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- Issues 4,975,000 shares to ASTC to replace remaining $3.5M cash obligation plus 12% annual interest on unpaid balance.
- True-up payment due April 30, 2025; excess value of unsold shares may reduce future license royalties.
- Haywood Quarry purchase price increased to $2.2M; closing extended to June 30, 2025.
- Monthly cash payments of $75k ($60k applied to purchase price) until $2.2M total paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120970/000112097024000030/0001120970-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120970/000112097024000030/lode-20240402.htm
  HTML page:      https://secwatch.observer/filing/0001120970-24-000030

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